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CNN
Dec 10, 2012 7:00pm PST
cliff? new signs of give on both sides but can both sides go far enough without losing the support of their core supporters? [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we'rgoing to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. cisco. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time
CNN
Dec 7, 2012 2:00am PST
congress going on holiday and 25 days from plunging off the edge of the fiscal cliff. >>> the "new york post" photographer who took the picture of the man in the subway tracks before he was hit sits down to tell his side of the story. we'll hear from him this hour on cnn. good morning, welcome to "early start." i'm christine romans. >> and i'm zoraida sambolin. it is 5:00 a.m. in the east. breaking new's massive earthquake in japan. it happened off the coast of japan, about 300 miles northeast of tokyo you can see on the tower cam that we are going to buildings swayed for several minutes there. let's go to alex zolbert live in tokyo what can you tell us? >> this happened friday evening b an hour and a half ago. an unnerving scene. a 7.3 magnitude earthquake. as we understand it, this came along the same fault line that triggered that massive tsunami in march of 2011. we have been watching all the local stations, trying to gather all the information we can. here's what we know at this point in terms of a tsunami. we have seen several small waves come in, about four waves. the biggest one
CNN
Dec 7, 2012 8:00am PST
november. it is good news for investors, believe it or not. 25 days away from the fiscal cliff, those new jobs number could also be good for president obama and might end up giving him some of the leverage dana was talking about. listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if -- the -- some damage from lifting the top rate then maybe the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong d
CNN
Dec 11, 2012 4:00am PST
are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from house speaker john boehner's press secretary. discussions with the white house are taking place, but we have no detail to share about the substances of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. obviously, the president is saying he is waiting as well, soledad. waiting fo
CNN
Dec 10, 2012 10:00pm PST
democrats looking for ways of climbing down from the fiscal cliff? new signs of give on both sides but can both sides go far enough without losing the support of their core supporters? [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold sympto
CNN
Dec 7, 2012 4:00am PST
are working on a deal on the fiscal cliff. but there's one man who says it's all about the baby boomers. a former white house senior adviser says without that impact, you're never going to get anywhere. >>> plus senator colbert, a new push to get him into washington politics. talk about that ahead. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. capella university understands back from rough economic times.. employees are being forced to
CNN
Dec 6, 2012 4:00pm PST
until the fiscal cliff and a new idea is born. it comes from an unexpected source. howard dean, does the former vermont's governor's plan add up? plus, a sailor charged with espionage and the war on drugs. we lost it. sir richard branson is "outfront." let's go "outfront." good evening, everyone. i'm erin burnett. "outfront" tonight, a bright idea. brought to us by the liberal former governor of vermont, howard dean. a man who brought us the scream heard around the world when reran for president. dean says let's face it, america, tacks need to go up for everyone. now, this might not be what you expect from someone like howard dean. it's certainly not the president's position or the position of most americans. another new poll out today shows that most people like the president's idea of only raising taxes on other people. specifically, the top 2%. the problem is according to the congressional research service, the math doesn't add up. that tax hike would only give $678 billion in additional revenue over ten years, now, remember, we're $16 trillion in the debt. now, if we go with howa
CNN
Dec 11, 2012 11:00am PST
economy gets to the fiscal cliff. >> no news. zip. still no agreement. we'll let you know if something significant happens. >>> developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was quote/unquote delicate. his health is a bit of a mystery, but we do know he had surgery last year to remove a cancerous tumor. still not yet clear what kind of operation he had today. updates as we get them. >>> broad daylight, on a crowded new york sidewalk, someone walks up to a man and shoots him, point blank range. today, a race for answers. i'm brooke baldwin. the news is now. >>> move over, america. a sobering new report suggests china is getting ready to surpass the u.s. economy. >>> plus -- >> this is the place where lisa was buried. >> cnn goes inside the search for da vinci's famous muse. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz
CNN
Dec 13, 2012 4:00am PST
shooter at this point. >>> let's talk fiscal cliff for a moment. it's getting closer, but the deal still doesn't seem all that close. president obama, congressional republicans seem to be digging in on taxes. a new wall street journal/nbc poll shows an overwhelming majority of americans are siding with the president on this one. republicans polls, a majority now favoring compromise. white house correspondent brianna keilar is following some of these negotiations for us. 19 days and counting. how is it feeling? >> reporter: right now it's not going well, at least that's what you get when you listen to house speaker john boehner talk about conversations with the president. they are talking, soledad. the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that things are not going that well. they have exchanged another set of counteroffers to no avail, and still at this point there is this impasse over tax rates. the
CNN
Dec 10, 2012 4:00am PST
hammer out a fiscal cliff deal. >>> what makes a person black? my new documentary sparks conversation about the color of your skin and how it defines who you are. who is black in america? >>> you may start feeling less pain at the pump. gas prices are crashing and how long will it last? just ahead. >>> a mexican american singer, a superstar, dies in a plane crash. now her fans in mourning. we'll have details, straight ahead. >>> a packed two hours for you. new york mayor cory booker will join us. and poet journalist, angela davis will join us as well. gold medal olympic gymnast gabby douglas has written a new book. and judy chu is with us, and the macks join us, and singer adam lambert. monday, december 10th. and "starting point" begins right now. >>> wow, that's an ominous little graphic right there. yes that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat
CNN
Dec 6, 2012 2:00am PST
video is just what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guarding the presidential palace, this is in cairo. it was there last night that supporters and owe points of president mohamed mors
CNN
Dec 9, 2012 5:00am PST
day. back to the news. >>> the count down is on, we're 23 days away from going over the fiscal cliff, and still no agreement reached. candy crowley joins me now. >> they may not need to work through the holidays, and i mean that in the bad news kind of way. what has to happen, first, is that speaker boehner will have to make a deal with the president. i think it might be difficult to pass, i think they will have to round up some votes, it could take two, three, or four days for them to pass, for these bills to pass. my sense of it is the speaker will not come out and announce a deal he can't pass. i think by the time the two of them get a deal, the speaker will be pretty certain that between his worship, and nancy pelosi's membership, they can put together a coalition that can pass this thing in the senate which is pretty dominated by democrats. more of a foregoing conclusion. >> and who is coming up on your show to talk about the fiscal cliff today? >> we doctor v two remembers, marsha blackburn, they both have very different views, suppose the speaker gets a deal, and he can'
CNN
Dec 6, 2012 6:00am PST
stronger. >>> if you're worried about the fiscal cliff, you might find some reassurance on wall street. one goldman sachs strategist predicts stocks could rise as much as 15% next year. and that would be great news for your 401(k). maribel aber is live at the new york stock exchange. why the rosie outlook? >> this is coming from a strategist who has been with goldman for more than 20 years, known for being optimistic. abby joseph cohen. she points to a couple of reasons for the rally she's expecting. for one, the fundamentals of the market are healthy. large companies have excess cash and are benefiting from historically low interest rates. two, to put it simply, consumers have money to spend. they're carrying less personal debt than any time since the '90s. when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, th
CNN
Dec 5, 2012 11:00am PST
this very closely on cnnmoney.com. go there to get a good understanding of what this fiscal cliff is all about. thanks, jean. >>> word is that elizabeth warren, the brand-new senator-elect from massachusetts is angling to be appointed to the senate banking committee. i hope that happens. the consumer crusader is just what the committee needs. she was president obama's pick to run the newly created consumer finance protection bureau, which she designed, but republican senators on capitol hill refused to even consider confirming her. instead, they did their best to drive her out of town. >> so it has gone beyond your advice to treasury, you're also providing advice to other governmental agencies? >> congressman -- >> i understand, you can use the word congressman a number of times, miss warren, i'm simply asking a very simple question. >> is there a duty to educate yourself, yes or no? >> i believe that an empowered consumer is a consumer who cannot only protect himself or herself, but one who can change the market. >> mr. chairman, i give up. >> well, warren left washington, but not for long. after president obama took her out of the running for the job, she went b
CNN
Dec 12, 2012 8:00am PST
now until the new year and 20 days until the dive off the fiscal cliff. we do not like harping on this, trust me. but as house speaker john boehner reminded us just a short time ago, there is still no deal on the table. he and president obama spoke on the phone late yesterday after trading offers back and forth, and although there is a lot of talking going on, they haven't necessarily agreed on anything yet, certainly not that they're making public. this is what the white house's offer looks like as it stands. a $1.4 trillion request for new tax revenue. that is down from the last offer which was a request for $1.6 trillion in revenues. still too high, though. it also includes some new stimulus spending, an increase in u.s.'s borrowing limit and a plan to overhaul the corporate tax code. here's what speaker boehner said last hour. >> his promise to bring a balanced approach to solving this problem is mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets these standards, it cuts spending and paves the way of real job
CNN
Dec 9, 2012 1:00pm PST
. both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe that the politically right thing to do right now is to cut that you are losses, let tax rates go up for the most wealthy and really try for significant tax reform so that 39.6% is going to be mute. >> so the good news is that negotiations do continue, there was a meeting today between president obama and house speaker john boehner. that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone and when she gets more d
CNN
Dec 6, 2012 8:00pm PST
. >>> "outfront" next. just 26 days until the fiscal cliff, and a new idea is born. it comes from an unexpected source, howard dean. does the former vermont governor's plan add up? plus, a former u.s. navy sailor charged with attempted espy naj tonight. the alleged benefactor was russia. the war on drugs? have we lost it? let's go "outfront." good evening. a bright idea brought to us by the liberal former governor of vermont, howard dean. the man who brought us the scream heard round the world when he ran for president. yeah! >> dean says let's face it, america. taxes need to go up for everyone. now, this might not be what you expect from someone like howard dean. it's certainly not the president's position or the position of most americans. another new poll out today shows most people like the president's ideas of only raising taxes on other people, specifically the top 2%. individuals making over $200,000 a year or families making over $250,000 a year. the problem is according to the congressional research service, the math doesn't add up. that tax hike would give $678 billion in a
CNN
Dec 5, 2012 1:00am PST
government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the elephant in the room, but that would be up to
CNN
Dec 5, 2012 6:00am PST
republicans who are angry at his new pitch to raise $800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very c
CNN
Dec 7, 2012 11:00pm PST
. >>> "outfront" next, john boehner says the president is slow walking to the edge of the fiscal cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. "outfront" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his pos
CNN
Dec 8, 2012 6:30am PST
fiscal cliff, immigration reform will be the next big legislative push. prepare yourself for the battle to come over comprehensive reform, as they call it. imagine you could reinvent the american immigration
CNN
Dec 13, 2012 1:00am PST
fiscal cliff. the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and, anderson, pope benedict xvi blessed his internet followers in his first tweet today. the pontiff has nearly 1 million followers on this english twitter page alone. and has many other accounts in several other languages. some say he is the coolest pope in history. >> isha, thanks very much. >>> a former u.s.afghanistan. now, his parents fear he may die in a mexican prison. they're pleading for his safe return after what began as a surfing trip, it's turned into a nightma nightmare. w? >>> a new twist in the bizarre story of millionaire internet pioneer john mcafee. police in belize want to question him about his neighbor's death but he fled to guatemala and was detai
CNN
Dec 5, 2012 6:00pm PST
ever. what do you think should be happening here to try and get a deal to avoid the fiscal cliff happening? >> i have no doubt people are working very hard to get a deal. i wish their discussions -- well, now we have the president re-elected and we have a new congress. i think it's right they get them to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy as well. and it needs to get growth by trade and exporting. i think what we're missing at the moment is a global agreement whereby big powers try to rebuild confidence in the world. yes, have you to sort out the fiscal problems. yes, you also have to have growth because that's the key to employment and to prosperity to the future. there's a global deal waiting to be done with china, europe, india also involved in this and, of course, america itself, where we could build the confidence that is necessary to get higher levels of growth around the world. >> and finally, gordon brown, i couldn't let you go without asking the view of the single biggest news story to hit the planet in the last week, of course, the royal baby. >> it's incredibly important that we give them the privacy because her health is a massive issue. you can see that
CNN
Dec 9, 2012 7:00pm PST
storm will bring rain to new england tomorrow. >>> we have more on the fisl cliff talks. president obama and john boehner met face-to-face at the white house to try to prevent the fiscal cliff. now just 23 days away. >>> the wording here is identical, ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday and on friday mr. boehner said the white house had wasted another week for potential compromise. we don't know what prompted this meeting just that for the first time in a while the two sides are agreeing on something even if it's just the wording of their statements and keeping tight-lipped about what was said. don? >> thank you very much. >>> in today's meetings between president obama and speaker boehner, is it a sign that we are close to a fiscal cliff deal? i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encour
CNN
Dec 10, 2012 9:00am PST
engines. he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the ground of this now defunct school for boys in marianna involving teenage boys sent here decades ago, some never seen again. in recent years former students in "twilight" years have come forward with horrific stories of punishing aaabuse doled out by school leaders and friends that vanished, stories told by cnn. they accused former school leaders of beatings, sexual abuse and even murder. which brings us to this cemetery on the school's grounds. the bodies of 31 boys are buried here. florida authorities claim they know how all the boys died, some killed in a fire and symptom in a flu epidemic and nothing criminal. other research shows other bodies could be burie
CNN
Dec 11, 2012 6:00am PST
fiscal cliff she gets an e-mail. >> yeah! my first review. okay, great. whoa, okay, that was good news. >> reporter: a third interview for a sales job. if washington can't do t maybe this job will pull her back from the cliff. >> oh, my god, i'm excited right now. >> reporter: kyung lah, cnn, los angel angeles. >>> a record find for one of the world's largest banks, what it's accused of doing with drug cartels and terror groups, coming up. you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claim
CNN
Dec 6, 2012 1:00pm PST
. jane harman, thanks so much for coming in. the jersey shore about to meet the fiscal cliff. grim news for governor christie as he visits washington. >>> plus the controversial place to store your text messages. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. five day
CNN
Dec 8, 2012 7:00am PST
disappointing is this fiscal cliff didn't come out of nowhere. we've known it was coming. it was rolling our direction. but one of the things frustrating americans is it seemed like the cliff was being ignored or just put on hold while the campaign was going on and it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we've got to face this cliff. the question is can they really address these issues in the next 24 days with the president heading for vacation, congress about to go home. doesn't feel good. >> no. and in terms of we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? we have a lot of americans without jobs, and just the fear of going over the cliff is even affecting that, right? because it's affecting hiring. >> without a doubt. you wonder, is it affecting big business or small business. corporate ceos are simply sitting on their hands. you're seeing u.s. corporations with more money on their balance sheet than they've had in years. but the fact that they're paying
CNN
Dec 12, 2012 4:00am PST
white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure middle class taxes don't go up on january 1st. i'm confident that republicans wouldn't hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> he said he's fine to go over the fiscal cliff. all of those reasons would be reasons to say maybe we're not close to a deal on that do you think he'll get a deal before the end of the year? you are the optimistic one in the relationship here, or will we get one before you go off for christmas break? >> some type of deal. may not have a complete deal. but this issue of tax cuts for those earning less than 250,000, we will get that done. that is something we all agree on. and there may very well be parts of this that have to be done in 2013. again, we need to look at putting things in motion to get a complete deal done. we have to do it right. as far as tax cuts are concerns, we need to extend them and i think we will. that will be a down payment on
CNN
Dec 12, 2012 2:00am PST
phone to give john boehner a call after both traded fiscal cliff proposals. neither sealed a deal, so we're now 20 days away from almost $500 billion this automatic tax hikes and spending cuts. i sound like a broken record. along with the potential for a new recession. shannon travis is following the deal make. do we know what was in the proposals? >> we're getting details in drips and drabs. the white house has offered according to a source telling cnn to basically revise their revenue target. p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of details on that, but from boehner's office, republicans are basically awaiting spending cut specifics from the white house. meanwhile, as this goes on, you can imagine that lawmakers here in washington are still sniping as you mentioned publicly. take a listen at the
CNN
Dec 9, 2012 4:00am PST
and instead supporting my show and fans all over russia. >>> news of fiscal cliff talks have been making headlines. here is their twist on budget talks for today's late-night laughs. >> we'd like to announce that we have reach and agreement to avoid the fiscal cliff. in order to get the support of the speaker, i agree there would be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria, and what i do see? john boehner sitting by himself. all alone. not a single member of his party wanted to share his company. he didn't even have any milk to drink because, well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends. his colleagues. but even at the hint that the taxes might be raised on his leadership watch, they turn on him. tell them what you found in your office desk. >> oh, i don't -- >> no, no. go ahead. hey, tell them what your
CNN
Dec 10, 2012 6:00am PST
fiscal cliff at a diesel truck engine plant. detroit news reports the plant is owned by don lehr ag and they're expected to announce $100 million in new investments as it tries to expand. large trucks as you know, run on diesel fuel, but now, there is talk about replacing it with cleaner burning liquid gas. many believe it is the next b biggest thing in long haul trucking, but there are still major bumps in the road. >> reporter: diesel is king here at the flying j truck stop near richmond, virginia. with it, daniel keating has pushed his rig 3.5 million miles. >> name it, i've hauled it. >> reporter: but truckers here don't have to look far to see the future. alone in a corner sets a new liquefied natural gas island. lng as it's called, is cheaper, cleaner and supporters say more plentiful than diesel. but there's a problem. say you want to drive a truck like this coast to coast using only liquid natural gas. these are the only open and public lng fuelling stops across the country and there are only 30 of them. a tank of lng would take you about 700 miles, so going westward from washin
CNN
Dec 11, 2012 1:00pm PST
? >>> there are new development in the fiscal cliff negotiations. cnn has just learned that house republican leaders have sent the white house a counteroffer on tax and entitlement reform. let's bring in our capitol hill senior correspondent dana bash who's got the details. what have we learned? >> we learned that, as you said, the republicans have sent to the white house an offer that they describe as something that is significant with regard to tax and entitlement reform. of course, those are the two tranches that we're talking about here. they are being very -- holding their cards very close to the vest in terms of what specifics these are but apparently it's a counteroffer to something the white house sent to them yesterday. we don't know the details. this is good news for both sides. republicans saying earlier that the white house has to give them more spending cuts. but this is really key because the first thing they have to do, wolf, is get those top line numbers. they are not talking specifics, what kind of tax rates, how much to do. they are really first talking about, we
CNN
Dec 6, 2012 4:00am PST
of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a democrat from the state of oregon. he's on both the budget committee and the banking, hous
CNN
Dec 10, 2012 2:00am PST
sunday, december 16th 2:00 p.m. eastern on cnn. >>> with the talk of the fiscal cliff, another plunge you might have missed. the welcome trend at the gas pumps. coming up, i love sharing good news. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies li microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex o
CNN
Dec 5, 2012 1:00pm PST
, congress takes a chance looking bad by leaving town before making a deal on the fiscal cliff. what's going on? if you take an aspirin to prevent heart trouble check the labor. our own dr. sanjay gupta tells us what a new study says about the effects of coated tablets. we'll also hear what happened during in flight emergency during one of the world's newest high-tech planes. i'm wolf blitzer, you're in the situation room. >>> with just 27 days to go until all of us are hit with tax increases, takes it across the board a cut of $55 billion. people have it in their power to avoid the so-called fiscal cliff aren't negotiating, they're not debating right now, so many of them simply leaving town. but there's more going on than meets the eye. let's bring in our senior congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon or friday morning, not wednesday at noon. >> good morning. >> house republican leaders told members they
CNN
Dec 8, 2012 3:00am PST
relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> new job numbers, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a kid pee in your lap. >> house speaker john boehner said his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk, but no action. yeah. a lot of talk, but no action or as they call that in college, date. >> you know what's really popular now, weed. weed. yeah, you can get it in washington legally and you can get it in colorado legally and 60% of americans say they're in favor of legalizing weed and it's, it's too bad that this comes just when twinkies is going out of business. i mean -- >> day two of legalized marijuana in
CNN
Dec 9, 2012 2:00pm PST
engineered to amaze. ooh, la-la! >>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you hear a lot about these spending cuts but realistically, we won't see a whole lot of spending cuts, because this way this was actually createded, we would only see spending cuts of .25%. >> one coming from edgar, he says i'm not confused about the fiscal cliff, what i'm confused about is what taxes will be raised? >> that's right. well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. but you take a person who's makimake $50,000 per year, it's about 1,700 a year. >> i'm
CNN
Dec 9, 2012 4:00pm PST
news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk when he flipped his mercedes yesterday morning. >>> we have an update
CNN
Dec 6, 2012 1:00am PST
. >>> good evening. it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/orc poll taken a few weeks ago, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time th
CNN
Dec 10, 2012 1:00am PST
have more now on those fiscal cliff talks today between president obama and house speaker john boehner. emily schmidt is in washington. >> reporter: it this been 23 days since president obama and house speaker john boehner met face to face to talk about how to avert it. that's until they met this afternoon. this was a surprise meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements, one from the white house, from one boehner's office. the wording here is identical, ening with this, the lines of communication remain open. the two men last spoke by phone on wednesday. ontry, mr. boehner said the white house had wasted another week for potential compromise. we don't know what prompted this meeting, just that for the first time in a while, the two sides are agreeing on something even if it's just the wording of their statements and keeping tight lipped about what was said. don? >> emily, thank you very much. >>> in today's meetings between president obama and speaker boehner, is it a sign we're close to a fiscal cliff deal? i asked cnn senior political
CNN
Dec 9, 2012 9:00am PST
? >> republican house speakers tom cole and marsha blackburn. >>> then falling off the fiscal cliff, a tumble that would shake the world with international monetary fund christine lagarde. >>> plus what happens if nothing happens with moody's chief economist mark zandy, jackie comes of the "new york times" and cnn's dana bash. i'm candy crowley and this is "state of the union." >>> politically the speaker is playing with a weaker hand that the president, the pressure is higher on him and his critics are harder too. >> the republican party's finished. >> he is selling out our children right now with these massive tax increases and that's a starting bid. he's saying here $800 billion now will you sit down with us, obama? >> twistill with the votes get counted in his caucus of republicans, boehner seems to have more room to maneuver than he did in preelection face-offs over political matters. even if the republican speaker gets a deal, can he get it passed? joining me now, republican congressman tom cole of oklahoma and marsha blackburn of tennessee, thank you both so much for joining us, that's really the key question, we keep saying they'll get a deal, they'll get something. it doesn't matter whether the two of them get a deal, it matter also the speaker haas the house votes to vo
CNN
Dec 9, 2012 3:00pm PST
approved referendum into law on wednesday. >>> breaking news. on the fiscal cliff negotiations, president obama, house speaker john boehner, met face to face at the white house today for the first time in more than three weeks. we do not have any details about today's conversations but reps on both sides say the lines of communication remain open. the two men last met on november 16th. also today, another republican senator announced his support for raising tax rates on wealthy americans. tennessee senator bob corker says if the gop agrees to the wealthy tax hike, republicans would be better positioned to negotiate for bigger spending cuts on social security and medicare. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year-end. a lot of people are putting forth a theory and i think it has merit where you give the president the 2% increase that he's talking about, the rate increase on the top 2%. and all of a sudden, the shift goes back to entitlements. and all of a sudden, once
CNN
Dec 8, 2012 4:00am PST
and thanked hospital staff for looking after them so well. the uplifting news that a royal baby was on the way has taken such an ugly, tragic turn. matthew chance, cnn, london. >>> two o the fiscal cliff now. the end of the bush era tax breaks. so, where are the negotiations in washington? well, they're at a standstill. now, house speaker john boehner is putting all the blame on president obama. he's upset that the white house quickly rejected boehner's plan. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. none of it is going to be possible. the president insists on his position. insists on my way or the highway. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist
CNN
Dec 11, 2012 2:00am PST
these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since
CNN
Dec 5, 2012 2:00am PST
blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of m
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